We use cookies on our website. If you continue to browse our website without taking any action, we will assume that you are happy to receive all cookies from our website.Read MoreDismiss

Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

FEAnalytics.com

FEInvest.net

FETransmission.com

Investegate.co.uk

Trustnet.hk

Trustnetoffshore.com

Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

to present content effectively;

to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;

to carry out our obligations arising from any contracts between you and us;

to enable you to participate in interactive features of our service, when you choose to do so;

to notify you about changes to our service;

to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

Capita Group PLC (CPI)

Wednesday 31 March, 2004

Capita Group PLC

Re Contract

Capita Group PLC
31 March 2004
31 March 2004
CAPITA SELECTED AS STRATEGIC SERVICE PARTNER BY THE CHILDREN'S MUTUAL
TO ADMINISTER EXISTING SERVICES PORTFOLIO & NEW CHILD TRUST FUND ACCOUNTS
Leading children's savings provider, The Children's Mutual, has selected the
Capita Group Plc ('Capita') to manage the administration of its existing
portfolio of policies and to set up a new joint service infrastructure,
providing end to end administration services, to support the new Child Trust
Fund (CTF) accounts. The agreement is projected to generate revenues to Capita
of £430 million over 20 years, in line with the growth in anticipated levels of
policies over the period. This consists of approximately £100 million from
administration of the existing portfolio and an estimated £330 million generated
by administration of the new CTF accounts, based on The Children's Mutual's
forecasts of market share.
The Child Trust Fund is a Government initiative under which all children born
since September 1, 2002, will be given a £250 or £500 endowment with further
incentives for their families to make top-up savings. The Fund will build up
over 18 years, providing young people with a stock of assets to invest in their
futures. The Government says it hopes the initiative will help strengthen the
saving habit of future generations and spread the benefits of asset ownership to
all.
The Children's Mutual is strongly positioned to become a leading provider in
this new market, offering its products and services directly to families and
also through a wide range of distribution partners. Given that 670,000 children
are born each year and they will all have a CTF the number of people saving for
children's financial futures will increase dramatically.
As part of the arrangement, Capita will invest £2.5 million in customising
existing, proven technology to create a new, bespoke administration and customer
service infrastructure for CTF accounts. The new service infrastructure will
provide the flexible and scalable, cost effective platform essential for
delivering the service within the Government's challenging 1.5% charge cap and
meeting the initial bow wave(1) of applicants for the CTF. The Children's Mutual
intends to market its own CTF accounts and, in partnership with Capita, to
provide CTF products and administration services for other financial services
organisations.
A significant number of employees working within The Children's Mutual will
transfer to Capita on the planned date of 1st June 2004 and the portfolio of
existing policies will continue to be administered in Tunbridge Wells. Capita
will recruit approximately 100 new employees to administer the CTF accounts from
its Life and Pensions business centre located in Gloucester. Customers will
experience a seamless service between the two locations through efficient use of
technology and shared expertise.
Rod Aldridge, Executive Chairman of Capita commented,
'This agreement underlines the continued success of Capita's Life and Pensions
business and follows our recent high profile contracts with Prudential
International and St. James's Place International. Our high level of commitment
to the market is clearly demonstrated by partnering with The Children's Mutual,
a recognised leader in saving for children, and our investment in creating a
bespoke Child Trust Fund end to end administration system that will be a very
attractive option for other financial services organisations wishing to offer
this CTF account without the burden of administration.'
David White, Chief Executive of The Children's Mutual, commented,
'Our focus is to ensure we provide services that help families give their
children a financial springboard into adulthood. We're extremely pleased to have
formed this strategic partnership with Capita and believe that together we will
provide the best possible support for the new Child Trust Fund as well as
continuing to give first class service to our existing policyholders. Capita's
ability to provide advanced administration and customer contact services to
their wide range of clients and their commitment in extending these service
models to our valued customers has already impressed us. This agreement will
ensure high quality, cost effective services for both new and existing
policyholders of The Children's Mutual. Our alliance provides a powerful
combination of market expertise and proven high-quality administration skills.'
The Children's Mutual was advised by Troika, the financial services management
consultancy company.
- Ends -
(1) Approximately 1.7m accounts will be opened in quarter 1 2005 for the
eligible children born since 1st September 2002
For further information please contact:
The Capita Group Press Office 0870 2400 488
Finsbury 020 7251 3801
Mark Harris
Anthony Silverman
The Child Trust Fund forms part of the Government's strategy for saving and
asset ownership for children up to eighteen years of age. The intention to
introduce the Child Trust Fund (CTF) was announced in the April 2003 Budget.
(CTF) accounts are long term savings accounts that aim to provide eligible
children born on or after 1 September 2002 with a substantial asset base when
they come of age. As of April 2005, CTF accounts will be available for all
children eligible for child benefit and for those children in care. The scheme
will operate on a voucher system which will be sent to the parent or legal
guardian of the child for that person to open a CTF account in the child's name.
Every child will receive a further payment on its seventh birthday of a set
amount to be decided. In January 2005 vouchers will start to be issued for the
estimated 1.7m children born since 1 September 2002 who are eligible.
Notes to editors:
The Children's Mutual is the UK's only dedicated specialist in the market for
long term savings for children and its mission is to help parents, grandparents
and families fulfil their hopes for today's children. It offers a range of
savings plans, which are specially designed to do this, by combining the
benefits of our 122-year heritage as a trusted mutual society with the latest
financial expertise.
In 2002 and 2003 The Children's Mutual was voted 'Service Company of the Year'
in the annual Financial Adviser LIA Service Awards.
The Children's Mutual is a trading name of the Tunbridge Wells Equitable
Marketing Group and only provides information about the products of that Group.
Further information about The Children's Mutual can be found at:
www.thechildrensmutual.co.uk
The Capita Group Plc is the UK's leading provider of integrated professional
support service solutions. The Group's service capabilities encompass customer
services, financial services, human resource services, pensions software
services, systems and strategic support and property services delivered to both
public sector and private organisations. With over 17,000 employees at more than
200 offices across the UK, Capita is quoted on the London Stock Exchange (CPI.L)
with revenues for 2003 of £1081 million.
In April 2003 Capita was named Company of the Year in the Royal Bank of Scotland
Sunday Times Business Awards. Capita has won Management Today's Most Admired
Support Services Company Award in 2001 and 2002.
Further information on The Capita Group can be found at: www.capita.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange

*All intraday prices are subject to a delay of fifteen (15) minutes.

FE Investegate takes no responsibility for the accuracy of the information within
this site.

The announcements are supplied by the denoted source. Queries about the content
of an announcement should be directed to the source. FE Investegate reserves the
right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable
Rate Fix announcements are filtered from this site.

To continue using FE Investegate, please confirm that you are a private investor.

I am a private investor *I am not a private investor

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

To continue to use FE Investegate, please confirm you are a private investor

This website is only for private investors. By using this site, you agree to use the content for private use only.

Please confirm that you are a private investor using the buttons below.